Geode Capital Management LLC Raises Stock Position in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

Geode Capital Management LLC grew its holdings in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) by 5.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 578,705 shares of the semiconductor company’s stock after acquiring an additional 31,286 shares during the period. Geode Capital Management LLC’s holdings in Alpha and Omega Semiconductor were worth $21,486,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Alpha and Omega Semiconductor by 86.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 56,149 shares of the semiconductor company’s stock valued at $2,084,000 after acquiring an additional 25,991 shares in the last quarter. Systematic Financial Management LP purchased a new position in shares of Alpha and Omega Semiconductor during the third quarter valued at about $702,000. Algert Global LLC increased its holdings in shares of Alpha and Omega Semiconductor by 172.8% in the third quarter. Algert Global LLC now owns 89,920 shares of the semiconductor company’s stock worth $3,338,000 after purchasing an additional 56,962 shares during the last quarter. State Street Corp boosted its stake in Alpha and Omega Semiconductor by 33.2% during the third quarter. State Street Corp now owns 1,341,290 shares of the semiconductor company’s stock valued at $49,789,000 after buying an additional 334,657 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in Alpha and Omega Semiconductor by 110.1% during the third quarter. Point72 Asset Management L.P. now owns 471,535 shares of the semiconductor company’s stock valued at $17,503,000 after buying an additional 247,051 shares during the last quarter. Institutional investors own 78.97% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on AOSL. Benchmark reiterated a “buy” rating and set a $40.00 target price on shares of Alpha and Omega Semiconductor in a research report on Wednesday, November 6th. StockNews.com upgraded shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research report on Tuesday, December 24th. Stifel Nicolaus reduced their target price on shares of Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating on the stock in a report on Wednesday, November 6th. Finally, B. Riley lowered their price target on shares of Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating for the company in a report on Tuesday, November 5th.

Insider Buying and Selling at Alpha and Omega Semiconductor

In other news, COO Wenjun Li sold 2,183 shares of Alpha and Omega Semiconductor stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $35.49, for a total transaction of $77,474.67. Following the completion of the sale, the chief operating officer now directly owns 61,331 shares in the company, valued at approximately $2,176,637.19. This trade represents a 3.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Bing Xue sold 875 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $41.00, for a total transaction of $35,875.00. Following the sale, the executive vice president now directly owns 128,986 shares of the company’s stock, valued at $5,288,426. This represents a 0.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 54,065 shares of company stock worth $2,534,690 over the last 90 days. Company insiders own 16.90% of the company’s stock.

Alpha and Omega Semiconductor Stock Down 6.6 %

Shares of AOSL opened at $38.36 on Friday. The company has a quick ratio of 1.44, a current ratio of 2.65 and a debt-to-equity ratio of 0.03. The business has a fifty day moving average of $37.45 and a 200 day moving average of $37.27. The company has a market cap of $1.11 billion, a PE ratio of -57.25 and a beta of 2.48. Alpha and Omega Semiconductor Limited has a 52-week low of $19.38 and a 52-week high of $53.29.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its earnings results on Monday, November 4th. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). The firm had revenue of $181.89 million during the quarter, compared to the consensus estimate of $180.07 million. Alpha and Omega Semiconductor had a positive return on equity of 0.19% and a negative net margin of 2.94%. Alpha and Omega Semiconductor’s revenue was up .7% compared to the same quarter last year. During the same quarter last year, the business posted $0.30 EPS. On average, sell-side analysts expect that Alpha and Omega Semiconductor Limited will post -0.67 EPS for the current year.

Alpha and Omega Semiconductor Company Profile

Alpha and Omega Semiconductor Limited designs, develops, and supplies power semiconductor products for computing, consumer electronics, communication, and industrial applications in Hong Kong, China, South Korea, the United States, and internationally. It offers power discrete products, including metal-oxide-semiconductor field-effect transistors (MOSFET), SRFETs, XSFET, electrostatic discharge, protected MOSFETs, high and mid-voltage MOSFETs, and insulated gate bipolar transistors for use in smart phone chargers, battery packs, notebooks, desktop and servers, data centers, base stations, graphics card, game boxes, TVs, AC adapters, power supplies, motor control, power tools, E-vehicles, white goods and industrial motor drives, UPS systems, solar inverters, and industrial welding.